Smart New Lease Models Send Restaurants Back to the Negotiating Table
Cheetah
DECEMBER 1, 2021
Instead of fixed-price rent based on floor space, some restaurants are demanding variable percentage-of-revenue rent that fluctuates with the profitability of the restaurant. As a result, areas reserved for indoor dining, typically 60% of floor space, have become less valuable. A price per sq foot model doesn’t suit landlords either.
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